Latest RMBS news
Yorkshire Building Society is selling its first RMBS of the year, continuing the steady surge in UK prime issuance seen since the summer.
The Co-operative Bank sold over £1.7bn of UK mortgage notes in its latest Warwick transaction on Friday, surprising many in the market who had little idea that the issuer was actively marketing a new deal.
UK mortgage lender Belmont Green priced its debut £243.5m RMBS deal late on Thursday, with the bonds heavily bid at the mezzanine level of the capital stack.
Goldman Sachs has bought Genesis Capital, a US mortgage firm that finances residential real estate development loans, as a long period of house price increases drives loan origination in that sector prompting expectations of more securitization activity.
The record tight pricing of Agos Ducato’s Sunrise consumer ABS transaction this week showed that European investors are hot for Italian debt despite the country's political and economic turmoil. But sources speaking to GlobalCapital said that their foray into Italy is just the latest example of European buyers' desperate hunt for yield.
A joint debt management platform formed by Portugual's largest banks is moving ahead with plans to ease the country's non-performing loan burden.
Online mortgage lender LendingHome, which launched a master securitization trust last year, is exploring the option of bringing its first rated securitization, according to CEO Matt Humphrey and CFO Robert Stiles.
Permanent TSB has mandated three banks to sell an Irish RMBS transaction, Fastnet 13, offering classes of senior and mezzanine bonds to investors.
Banks are trying to digest the implications of a new move by the European Central Bank, which would set a deadline by which new non-performing loans should be fully written off. This could spark a rush to declare NPLs before the end of this year, write Owen Sanderson and Jon Hay.
Puerto Rico’s municipal debt slumped this week after comments from President Donald Trump spooked investors, but the impact on US RMBS investors will be far less immediate as service providers assess the scale of the damage on the island’s properties.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest securitization people & markets news
- Treasury capital market reforms put ball in industry’s court
- Portugal forges ahead with NPL plan
- KKR closes risk retention fund, says rule has strengthened CMBS
- Ex-Shawbrook duo launch specialist funding shop
- StanChart to expand China ABS offering
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||6,415||22||12.84|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||90,174.33||262||12.23%|
|3||Wells Fargo Securities||70,282.48||216||9.53%|